Companies still expect 'pretty solid' Asia growth despite ominous signals on global economy

Despite fears of slowing growth globally, companies seem set for a relatively strong performance this year — especially in Asia, according to one expert.

"Despite all this talk trade war slowing down economic growth, companies are still seeing a fairly decent amount of earnings growth expectations for 2019," he told CNBC's"Street Signs" on Tuesday. On top of that, weak economic data also stoked fears: Manufacturing activity in the eurozone dropped to its lowest level in more than six years in March. And, the U.S. Federal Reserve, adopted a significantly dovish stance, projecting no further interest rate hikes this year, and justifying its more temperate outlook by cutting the 2019 growth outlook for the U.S.

Such companies are still expecting double-digit growth in markets like China, Hong Kong and India, he added.

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Stocks in Asia set to gain despite tepid session on Wall StreetStocks in Asia were set to see opening gains on Wednesday despite a mixed session overnight on Wall Street.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »